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Dec 3, 2013
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compare it to the last job recovery, obama versus bush. we're creating jobs faster than we were after the 2001 recession. i don't think we're seeing robot-caused inflated unemployment right now. what there is room to worry about, though, is the idea that are the machines getting smarter, faster than we're getting smarter? >> i think they are. i understand your point and in ideal economy, the displaced worker will now work for the robot or ipad company selling or -- >> that's not always going to happen for many reasons. let's say this new ipad technology puts 50,000 waiters and wait ress out of work. where do they go in this economy? >> theet reticily they could get jobs at other personal service industry. they could become therapists, butlers. all of these people with middle class jobs who will be losing their jobs. they're going to try to take those job. if you have low skills, you'll be in bad shape. what sdaisderek said, 40 % farm. another worker in 1900 who never got new jobs. horses. replaced by cars. our skills are like the farmers o
compare it to the last job recovery, obama versus bush. we're creating jobs faster than we were after the 2001 recession. i don't think we're seeing robot-caused inflated unemployment right now. what there is room to worry about, though, is the idea that are the machines getting smarter, faster than we're getting smarter? >> i think they are. i understand your point and in ideal economy, the displaced worker will now work for the robot or ipad company selling or -- >> that's not...
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Dec 5, 2013
12/13
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president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transiti
president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what...
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Dec 5, 2013
12/13
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the obama administration doesn't care about this woman, right? >> i am telling you that the law they passed and promoted is not working for average people. it's causing huge disruption and harm and anguish for these people. we ought to fix that. and one of the ways you can do it is not just say we don't care, damn the torpedos, full speed ahead. >> that's kind of what we're seeing happen, though. >> well, absolutely. >> i'm with you on that, both sides, sort of, there's so much partisan backdrop to the whole thing. i don't know if anyone's thinking about the actual individuals that are being affected by this. >> i disagree. we argued from the -- you're going to impact individuals. they said, listen, we're going to help 15% of the population and ruin it for 85. we said that upfront. said this is going to be -- >> and the democrats would say, you want the law to go by the wayside and not cover the -- you don't care about the 41 million that don't have insurance in the first place. >> that is so wrong. absolutely. >> how are you going to fix it -- >
the obama administration doesn't care about this woman, right? >> i am telling you that the law they passed and promoted is not working for average people. it's causing huge disruption and harm and anguish for these people. we ought to fix that. and one of the ways you can do it is not just say we don't care, damn the torpedos, full speed ahead. >> that's kind of what we're seeing happen, though. >> well, absolutely. >> i'm with you on that, both sides, sort of, there's...
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Dec 3, 2013
12/13
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we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all right. gohealthinsurance is the website for those looking for more information. clint jones is the ceo joining us this morning. thank you so much, sir. >> thank you. >>> let's get back to scott cohn who's been walking us through the detroit decision better than anybody could have expected. scott, what do you have? >> reporter: it now is official. detroit is the largest municipal bankruptcy filing in u.s. history. judge steven rhodes saying that the city is indeed eligible for federal bankruptcy protection, acknowledging that, yes, it was a foregone conclusion, but that doesn't necessarily mean it was in bad faith that the city had a plan and is contin
we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all right. gohealthinsurance is the website for those looking for more information. clint jones is the ceo...